On financial statements that include vertical analysis, which of the following is set at 100%?
A)total liabilities
B)profit
C)total assets
D)cost of goods sold

Question

Quizplus · Accepted Answer

In vertical analysis, the total assets are set at 100% and all other items on the financial statements are expressed as a percentage of total assets. This allows for easy comparison of the relative size of each item on the statement.

On Financial Statements That Include Vertical Analysis, Which of the Following